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CITY OF LAKE ELMO <br />PURCHASING POLICY <br />1. DEFINITIONS: <br />Capital Purchase - Purchase of any physical property of value greater than $500.00 <br />and an expected life of 5 years or more. <br />Ca it�ai Improvement Plan - A 5 year plan to purchase new or replacement equipment <br />of facilities, revised annually. 3 rt <br />hk <br />Capital Improvement Reouest Farm - The form submitted by the Department for <br />approval of C.I.P. purchases. Copy attached hereto. <br />2. For all purchases above $50.00, the Department Head shall submit a purchase <br />requisition to the Finance Director. 2 <br />4! <br />3. LEVELS OF CONTROL• <br />EXPENSES to $206 Purchases within budget based on .. <br />Discretion of Department Head. <br />"� EXPENSES $200 '$500 ` <br />Budgeted " ' , Department Head can approve <br />purchase based on three quotations: <br />Administrator takes request W1 price " <br />quotations to City Council for:approval. <br />Department Head obtains three quotes. <br />City Administrator or Finance Director <br />approves purchase. - Y' <br />Administrator takes request with written <br />price quotes to City Council for approval.: ; <br />Written quotes mandatory to City. <br />Council; Council may require sealed <br />bids; Council approves purchase: <br />i1. <br />kesa..• r, e: A.." r... .s, .i .."...'.:�.sut rrn...:.. .+.afc;C.,..:..: „.�. <br />